Browsing: Central Bank of Somalia


With peace and stability returning to Somalia, the country is beginning to enjoy international banking and financial services that can link the country to global financial networks for ease of doing business, and also support the growth of local industries.

On Wednesday July 7, The American digital financial payments service Visa announced its partnership with the International Bank of Somalia (IBS Bank), which will see the introduction of Somalia’s first Visa financial card payment service. This partnership opens up Somalia to the cashless payment services for international and local transactions.

Mahat Mohamed Ahmed,the IBS Bank Chief Executive Officer Speaking at the launch of this mega event he said that the introduction of Visa in Somalia was a great Milestone and that Somalia was on track to the right path of growth and progress.

“We’ll continue to make partnerships, and bring convenient and innovative financial solutions to the people.”

The Visa …